Tag: learn currency trading

The euro vs dollar closed firmly higher on Friday, ending the forex trading session with a wide spread up bar, supported by strong buying volume, and closing at 1.3129, having broken above the psychological 1.3000 level earlier in the day. This bullish trend in the...

Following the strong move higher on Friday for the euro dollar pair, which saw it close the session and the week at 1.28099, yesterday’s trading session was relatively muted as the pair paused, closing lower on the day and pulling back to the 1.2753 region...

The EUR/USD continues to defy all the market analysts who had consigned the euro to the history books as it plumbed the lows of 1.2000, back in late July, and since then the euro shorts have been covering their longer term positions, as the currency...

With today’s failure to base at 1.25 the eurodollar is now poised to re-test the 1.18-1.20 price zone last seen in July 2010. The recent downward slide in the euro against the dollar has, of course, been expected for some time and attributed to the...

An interesting couple of days for the euro dollar pair, with yesterday’s interest rate rise increasing the differential between the two currencies, followed by the Non Farm Payroll numbers which surprised the markets with another bad number. With all the problems in Europe the rational...

December 2010 for the euro vs dollar followed a pattern we have seen for the past 3 years, namely a reversal of trend, high volatility and complete unpredictability with the pair bouncing around the USD1.31 price level and protected by the 200 day moving average....

An interesting week for the euro vs dollar which started the week in bullish mood, surging to USD1.34 on Monday and breaking higher again on Tuesday, only to close with a warning signal of shooting star candle which has been duly validated in the second...

The euro continued its bearish slide lower yesterday ending the forex trading session as a wide spread down bar making it 7 sessions in a row, and, more importantly, breaking below the critical 200 day moving average which sits at USD1.3121. The euro was given...

The bearish sentiment from last week towards the euro vs dollar has continued in today’s trading session with the pair pushing lower once again and now testing a potential key level of support at the 200 day moving average which currently sits at USD1.3126. Indeed...

Thin markets & the closure of trading books for the end of the year are likely to lead some volatile and unpredictable trading patterns over the next few weeks, all of which is not helped by the current uncertainty surrounding the euro. Whilst fears have...